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The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.

Analysis Report: Economic and Business Activity in Redcar and Cleveland


Redcar and Cleveland, a locality with diverse economic activities, exhibits notable strengths in sectors like professional services, construction, and real estate. The region’s employment landscape shows moderate growth, with a total of 17,559 employees and a notable percentage of businesses experiencing growth. However, challenges persist in areas like new company formations and business continuity, as indicated by the number of company cessations.

Employment and Business Growth

  • Total Employees: Redcar and Cleveland employs 17,559 individuals. The 8.91% employee growth signifies a healthy, expanding job market.
  • Employee Raisers: 57 companies have contributed to this employment growth, indicating a robust core of expanding businesses.
  • Top Sectors by Number of Companies: The leading sectors are professional, scientific, and technical activities (713 companies), followed by construction (662) and real estate (484). This diverse sectoral presence underpins the local economy’s resilience.
  • Top Sectors by Growth: Sectors showing significant growth include Chemicals, Electricians, Civil Engineering Services, Technology/IP-based businesses, and Other Industrials, each with one major company contributing to the growth. These sectors, although smaller in number, are pivotal for innovation and economic diversification.

Business Continuity

  • Company Cessations: The data shows a worrying trend of 5963 company cessations, which could indicate challenges in sustaining business operations over the long term.
  • New Companies (2 Years): 1385 new companies have been established in the last two years, reflecting a dynamic entrepreneurial environment.
  • Scale-ups: The presence of 17 scale-ups suggests a nurturing environment for business growth and development.

Gender Representation and Company Dynamics

  • Gender Representation in Founders: 23.81% of founders are female, while 76.19% are male. This indicates a gender gap in entrepreneurial activity.
  • Gender Representation in Directors: Female directors constitute 26.45%, and male directors 68.93%. The higher male representation in leadership roles is a point of concern for gender diversity.
  • Age Distribution of Directors: A broad age distribution among company directors, with significant representation in the 40-60 age bracket, suggests experienced leadership in the business community.

Innovation and International Business

  • Exporters: There are 71 exporters, indicating international business engagement.
  • Companies with Foreign Parentage: 55 companies with foreign parentage suggest strong international links and investment.

Intellectual Property and Innovation

  • Patent Owners and Grantees: There are 60 patent owners and 6 grantees, highlighting a focus on innovation and intellectual property.


Redcar and Cleveland’s economic landscape is characterised by a diversified sector presence and moderate employee growth. However, challenges in gender diversity, company continuance, and a high number of company cessations are areas requiring attention. The presence of scale-ups, patent owners, and international business engagements are positive indicators of the region’s potential for future economic resilience and growth.

Company foundations and cessations over time

Active companies over time

The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.